Essar signs a $2.4 billion (around 19,000 crore) sale agreement with AM/NS for assets related to infrastructure


Posted October 31, 2022 by shivyadav

The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.

 
"Essar is now repositioned for growth and recovery," said Mr. Prashant Ruia, Director of Essar Capital. Over the past four years, we have consolidated our operations and are now entering

the following growth phase was devoted to fostering the creation of a sustainable energy future that will affect people's lives and means of subsistence in favour of a greener planet."
With this agreement, Essar will complete its anticipated asset monetisation programme and complete the $25 billion (2,00,000 crore) debt repayment plan, with the Indian banking sector being virtually entirely repaid. Essar's total sales will be over US$ 15 billion (or 1.2 lakh core), and its AUM (Asset Under Management), which consists of a variety of assets dispersed throughout India and abroad, would be around US$ 8 billion (or 64,000 crore).
A 10 MTPA refinery in the United Kingdom (UK), 15 MTPA refinery in the United States (US), and
TCF deposits of unconventional hydrocarbons in India and Pakistan, including some producing fields
India's 1,200 MW Power Plant and a storage port in Vietnam are among the infrastructure sector's assets.
a 20 MTPA port in India and a UK port with a 3 million m3 capacity are among the metals and mining sector's assets.
a significant iron ore mine and pellet plant in the United States; holdings in the technology and services industry include Global
With offices in over 30 countries, EPC is a provider of business and IT solutions.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Essar
Country India
Categories Advertising , Automotive
Tags essar , essar port
Last Updated October 31, 2022